Emerging markets look good for the rest of 2014: Van Eck Global

Emerging markets economies are poised to offer higher economic growth for the remainder of 2014 than recent previous corresponding periods, according to Van Eck Global, the US parent company of its exchange traded fund business, Market Vectors ETFs. Van Eck Global currently manages over US$35 billion in assets.

David Semple, Portfolio Manager and Head of Van Eck Global’s Emerging Markets Equity Investment Team said, “The tide is turning for emerging markets, which outperformed the broad US market in the second quarter of 2014—an event we’ve not seen for some time. The asset class attracted particularly strong inflows in April and May this year, the highest inflows since March 2013.

“In the second half of 2014 we believe emerging markets will continue to perform solidly, providing better earning outcomes than we’ve seen in the past three years.”

According to Mr Semple, investors are beginning to warm up to emerging markets again as better earnings typically indicate a recovery. He believes the main risks for emerging markets in the second half of 2014 are geopolitical and interest rate sensitivity.

“Ongoing tensions in Ukraine have impacted the Russian economy and the escalation of sanctions will have a broader impact on a fragile European economy. The earnings impact from the sanctions as they exist today is fairly mild, but we think the cost of equity will rise as investors shy away from the possibility of further and more serious geopolitical tension, combined with the possible implementation of full sanctions on listed companies.

“China continues to provide a mixed picture. There is a wide range of opinions, and a great deal of scepticism about the China story,” Mr Semple said. “There is a continuing tug of war between significant positive and negative economic variables. We believe the ongoing modest and targeted stimulus is expected to continue and keep growth above the 7% to 7.5% level. Despite all that, it’s important not to forget the positives, such as the fact that China has the largest e-commerce economy in the world,” he said.

Despite geopolitical risk, Mr Semple believes most emerging markets countries have absorbed a significant amount of bad news. According to Semple, there are good opportunities in Taiwan, India and Latin America.

“The decisive win for the Bharatiya Janata Party (BJP) in India appeared to be beneficial for the stock market, although there are major hopes for better governance and acceleration of capital expenditure in the near-term. In Brazil, the outcome of the election in early October will be important. We expect a change of government will have a positive impact and will help reinvigorate the stagnant economy,” he said.

“Indonesia has some very significant long-run advantages in terms of demographics and resources, but has significant work to do to increase the return on those assets. This will mean increasing the ease of doing business, whether by investing in infrastructure, streamlining bureaucracy, reducing subsidies, and providing a level playing field for investments.

“We believe emerging market economies will continue to offer higher economic growth in the medium term, particularly as investors increasingly diversify away from their domestic economies and identify better value in stronger performing emerging market economies this year and into 2015,” Mr Semple said.

The post Emerging markets offer promise for remainder of 2014: Van Eck Global appeared first on AdviserVoice.

Founded in 1955 and based in New York, Van Eck Global currently manages US$35.2 billion across investments in commodity equities, emerging markets, gold, fixed income, and other specialised asset classes. Under its Market Vectors ETFs brand, Van Eck Global offers 63ETFs (including five listed on the ASX) and is one of the largest providers of ETFs in the US and worldwide.

John Caulfield joins as Vice President, Institutional Business Development, responsible for driving growth of its institutional business in Australia across Van Eck Global’s active and ETF capabilities.

Mr Caulfield previously worked for FTSE, where he was responsible for growing FTSE’s domestic business. He also provided technical product expertise and client relationship management for FTSE. Before that, he worked as a relationship manager with the London Metal Exchange.

Young Marinis has been named as Vice President of Business Development, joining the Melbourne office responsible for driving business development business in Victoria, South Australia and Western Australia. Mr Marinas previously worked as a regional investment specialist with ANZ Global Wealth.

Henry Mortlock has been appointed as Associate, Business Development. Both Mr Marinis and Mr Mortlock will focus on the exchange traded fund business, Market Vectors ETFs, working closely with financial advisers and brokers.

Arian Neiron, Managing Director, Australia, said, “We are delighted to announce these important appointments to the Australian business. Mr Caulfield will join Matthew McKinnon to drive growth of institutional clients in Australia, while Mr Marinis and Mr Mortlock will focus on driving our ETF business with advisers and brokers, an important part of the local ETF market.

“These appointments strengthen our sales and marketing capabilities, which was also bolstered by the recent appointment of Brad Livingstone-Foggo in the newly created role of Marketing Manager. Mr Livingstone-Foggo, who was previously at Aberdeen Asset Management, is responsible for building the Van Eck Global and Market Vectors ETFs brands in Australia.

“In line with our commitment to Australia and the increasing demand for ETFs from all types of Australian investors, we have expanded our capacity and reinforced the expertise of our sales and marketing teams.

“These appointments reinforce Van Eck Global’s commitment to the Australian market,” said Mr Neiron.

The post Van Eck Global expands Australia team to drive capabilities appeared first on AdviserVoice.

Matthew McKinnon

Market Vectors ETFs, the exchange traded fund business of Van Eck Global, announced that its Market Vectors Australian Property ETF has received a four-star superior rating from SQM Research, an independent property advisory and forecasting research house.

Matthew McKinnon, Director, Intermediary and Institutions, Market Vectors Australia said, “We are thrilled to receive a four-star rating from SQM Research, one of Australia’s leading property advisory and research houses. The rating confirms the robust nature of our Market Vectors Australian Property ETF, which provides investors with easy access to the largest and most liquid Australian listed real estate companies.”

The research house confirmed in its report that a positive feature of the Fund is its diversification across A-REITs, “The Fund offers investors a unique and diversified exposure compared to other A-REIT focused ETFs, with the Fund aiming to replicate the Market Vectors Australia A-REITs Index (the Benchmark).

“The Benchmark is a pure-play Australian sector Index that tracks the performance of the largest and most liquid ASX listed A-REITs. Through a cap-weighted methodology, the Benchmark seeks to achieve diversification through capping individual security holdings at 10%. The Benchmark is also required to hold a minimum of ten stocks at any time,” the report said.

The report confirmed the Fund’s Index has outperformed the S&P/ASX 200 A-REIT Accumulation Index over the long term.

“The Fund’s underlying Index has produced robust returns relative to the S&P/ASX 200 A-REIT Accumulation Index. The Benchmark has been able to steadily build upon its cumulative excess return to the S&P/ASX 200 A-REIT Accumulation index, recorded at 9.6% at 31 March 2014.

“As a result of the Benchmark’s 10% capping, the Benchmark is significantly underweight to Westfield (WDC). At 31 March 2014, WDC accounted for over 24.7% of the S&P/ ASX 200 A-REIT Index (which peaked at over 50% in 2009). The Benchmark’s relative performance to S&P/ASX 200 A-REIT Accumulation Index will be driven by the relative performance of WDC,” the research house confirmed.

Another positive feature of the Fund is its fee structure according to SQM Research, “The Fund’s on-going fee structure is slightly below peers, which has positively affected the Fund’s rating. The annual management fee of the Fund is 0.35% p.a. of the Fund’s net assets,” the report said.

According to the research house, the Fund’s rating has also been positively influenced by the resources and capabilities of the Parent entity – Van Eck Global.

“Van Eck Global displays a solid track record in issuing and managing ETFs, having launched its first Market Vectors ETF in 2006. Moreover, over the years Van Eck Global has been able to successfully expand its ETF business, offering over 60 Market Vectors ETFs and developing into the eighth largest Exchange Traded Product (ETP) provider in the United States.

Mr McKinnon commented, “We have seen strong demand for our purpose-built Market Vectors Australian Property ETF since it listed on the ASX in October last year. Investors are actively seeking a liquid and more diversified exposure to a portfolio of A-REITs at a lower cost. We expect demand will continue for our purpose-built ETFs as investors’ continue to seek out exposure to particular investment opportunities.”

The post Market Vectors Australian Property ETF (MVA) awarded 4-star ‘superior rating’ appeared first on AdviserVoice.

Resources shares seen as a source of potential strong gains in 2014.

Investors are turning their attention to resources shares as a source of potential strong gains in 2014 and over the longer term, according to Russel Chesler, Director Investments & Portfolio Strategy from Market Vectors ETFs, the exchange traded funds business of Van Eck Global.

“We believe demand for commodities will continue, driven by growth in emerging markets and resurgence in developed market consumption. This, together with possible near-term merger and acquisition activity, should support the value of Australian resources companies this year which are well positioned for any upturn,” said Mr Chesler.

“Investors want to be part of an upswing if it comes and they are turning to resources companies as a source of expected gains. The sector is also currently delivering income yields well in excess of inflation, making it even more attractive. Values are relatively low at present and we could see some mergers and acquisitions activity in the sector. Some of the smaller resources companies may have assets of interest to the big companies, which are reviewing costs to improve business profitability,” Mr Chesler said.

Shawn Reynolds, co-portfolio manager for Van Eck’s global resources strategy commented:

“Globally, we’re not running out of commodities but we’re running out of cheap commodities. It has become increasingly difficult and more expensive to develop new supplies of natural resources.  Consequently, we think that commodity prices will likely rise in the long run and we believe emerging markets’ demand will continue to underpin that growth over the next 10 to 20 years,” Mr Reynolds said.

According to Mr Reynolds, gold stocks could also rebound this year, building on the rally of recent weeks. The precious metal fell 28% in 2013, its largest calendar-year decline in 32 years. “We believe gold is forming an important base around the US$1,200 per ounce level and this recent resilience adds to our conviction,” Mr Reynolds said.

“2014 may be a year of mean reversion for the gold sector. While it may take a year or two for this to fully develop as GDP growth returns to historic norms, we could see destabilising levels of asset inflation, consumer price inflation, or other dislocations in the global economy create new risks that are supportive of gold and gold shares,” Mr Reynolds said.

“Easy monetary policies may be creating new financial bubbles in equities or other assets. It is probably prudent to start thinking about inflation, since it has fallen off many investors’ radars.

“We believe gold mining companies are well positioned for an improvement in the gold market.  They’ve been struggling with rising costs for years now. Those costs are coming under control now with new managements. They are looking for better returns out of the projects they build and they are executing with better capital discipline,” Mr Reynolds said.

Market Vectors ETFs provide investors with two easy ways to access the growth and yield potential offered by the Australian resources sector.

“Market Vectors Resources ETF gives investors direct exposure to 32 of the largest and most liquid ASX-listed resources companies via a single trade on the ASX. The fund provides greater diversification and lower pricing than other resources sector based ETFs in the market. MVR caps an individual company’s weight at 8% of the portfolio, reducing the large capitalisation bias to BHP Billiton found in traditional market capitalisation weighted indices,” Mr Chesler explains. “The dividend yield for MVR as at 31 January 2014 was 3.36%.”

“Market Vectors Australian Emerging Resources ETF (ASX code: MVE) is the first ETF in Australia to give investors targeted exposure to small-cap resources companies.  MVE gives investors direct exposure to the 64 most liquid ASX-listed small-cap resources companies via a single trade on the ASX and also caps an individual company’s weight at 8%. The dividend yield for MVE was 3.28% as at 31 January 2014,” Mr Chesler said.

“ETFs are easy to access via the ASX, can be bought and sold just like trading a share, and investors receive the same benefits as holding the underlying shares directly, including dividend income and franking credits. In this way, MVR and MVE can be used as building blocks in a portfolio to gain a truly diversified exposure to the potential growth and yield opportunities that we see currently exist in the Australian resources sector,” Mr Chesler said.

The post Spotlight returning to resources shares in 2014, says experts appeared first on AdviserVoice.

Australian property ETFs are expected to deliver the high yields in 2014: AltaVista

Australian property exchange traded funds (ETFs) are expected to deliver the highest yields in 2014, with income returns approaching 6 per cent, according to independent ETF research house AltaVista, which has welcomed four newly listed ETFs from Market Vectors Australia.

Michael Turner, Head of Sales & Corporate Development from AltaVista, said in a review of the new ETFs from Market Vectors Australia: “In relation to yield, the Australian ETF marketplace offers some broad alternatives. Property ETFs, on average, are forecast to deliver the highest yield in 2014, followed by financial sector ETFs and then the high-yield funds.”

AltaVista said the consensus constituent forecast yield for the three property ETFs on the Australian Securities Exchange (ASX) for 2014 is 5.63 per cent. In comparison, the three ETFs focused on the ASX200 are forecast to deliver a yield of just 4.47 per cent while four listed high-yield ETFs are forecast to deliver 5.15 per cent.

Market Vectors ETFs, which listed on the ASX last month, are based on indices specifically developed by Market Vectors Index Solutions (MVIS), the index company of Van Eck Global, which is the parent company of Market Vectors Australia.

Market Vectors Australian Property ETF (MVA) offers a simple way of gaining exposure to the Australian Real Estate Investment Trust (A-REIT) sector. The ETF tracks the Market Vectors A-REIT Index which provides exposure to a minimum of 10 A-REITs and an individual cap weighting of 10 per cent. This provides for greater diversification and reducing large capitalisation biases to companies such as Westfield Group and Westfield Retail found in traditional market capitalisation weighted indices.

“The Market Vectors new ETFs are quite differentiated in that they track purpose-built indices provided by Frankfurt-based MVIS. Ultimately, this creates greater real investment choice as we can expect the funds to deliver different investment outcomes across the spectrum of analysis,” Mr Turner said.

“The new funds deliver both price and ‘peer fund’ competition – arguably a needed impetus for the Australian ETF marketplace and investors alike,” Mr Turner said.

In addition to the Market Vectors Australian Property ETF (MVA), other ETFs recently listed by Market Vectors on the ASX include Market Vectors Australian Banks ETF (MVB) – the first ASX-listed ETF to offer direct access to the banking sector, Market Vectors Australian Resources ETF (MVR) and Market Vectors Australian Emerging Resources ETF (MVE), which offer diversified exposure to the resources sector.

Arian Neiron, Managing Director of Market Vectors Australia, said: “Our purpose-built ETFs provide investors with targeted and innovative investment opportunities. They intelligently capture a desired market exposure, offering Australians greater investment choice. We are very pleased this has been acknowledged by AltaVista.

“Indeed, our products compare well to their peers, based on the superior diversification opportunities they offer and their competitive pricing. The launch of our Australian Property ETF is well timed, with strong yields predicted in 2014 and the ETF offering balanced exposure to Australia’s blue-chip property market,” said Mr Neiron.

“MVA displays solid comparative fundamentals, being marginally superior in our score of investment merit,” Mr Turner said.

“MVB delivers immediate banking sector only diversification. On a comparative basis, MVB has strong investment fundamentals across all metrics, is competitively priced even though it only holds seven stocks and provides greater bank stock diversification and exposure than alternate funds,” Mr Turner said.

“MVR and MVE deliver additional investment options and choice for investors seeking to gain broader resources stock exposure. Due to the fund’s [underlying] index, MVR’s underlying constituents are markedly different from its peer funds. Case in point is BHP Billiton: MVR holds 8.4 per cent of BHP versus in excess of 40 per cent held by peer funds. Rio and Woodside are other examples, though not as divergent. Our research indicates strong investment fundamentals,” Mr Turner said.

Market Vectors ETF business was first launched in the US in 2006. The business now offers over 50 exchange traded products (ETPs) spanning international markets, commodities, emerging markets, global equities, fixed income and currency sectors. The Market Vectors family totalled US$23 billion in assets under management, making it the seventh largest ETP family in the US and tenth largest worldwide as of 30 September, 2013. Market Vectors Australia is a wholly owned subsidiary of Van Eck Global.

AltaVista employs quantitative research, which delivers comprehensive fundamental investment analysis that incorporates historical, current and expected metrics for equities and fixed interest ETFs. The practicality of the research is that it identifies superior ETFs amongst peer fund groups. It allows advisors to select funds based on the investment criteria most relevant to the client’s investment criteria and objectives.

AltaVista’s “best of breed offering comprises its proprietary quantitative research on 51 equities-based and 10 fixed interest-based ETFs on the ASX and their suite of embedded SAA Model Portfolios. On a global basis, AltaVista covers over 790 equities-based ETFs listed on the NYSE.

The post Australian Property ETFs forecast to deliver highest yields in 2014: AltaVista appeared first on AdviserVoice.

Matthew McKinnon

Market Vectors ETFs (Market Vectors), the exchange traded fund (ETF) business of US-based investment manager Van Eck Global, yesterday announced it has received ‘Investment GradeIndex’ ratings from research house, Lonsec, for all four of its new Australian ETFs.

The rating indicates that Lonsec has conviction that the ETFs can achieve their objectives and the report makes particularly favourable mention of the ETFs’ transparency and targeted exposure to their specific Australian economic sectors.

Market Vectors Australian Banks ETF (ASX code: MVB), Market Vectors Australian Emerging Resources ETF (ASX code: MVE), Market Vectors Australian Property ETF (ASX code: MVA) and Market Vectors Australian Resources ETF (ASX code: MVR) were launched on the Australian Securities Exchange (ASX) last week.

Matthew McKinnon, Director, Institutions and Intermediaries at Market Vectors Australia said he was pleased to receive such positive feedback from Lonsec, one of Australia’s top research houses, which confirms Market Vectors ETFs’ first offerings to the Australian market as quality investments for Australian investors.

“Our ETFs offer something different to other ETFs listed in Australia because they aim to track pure-play investable indices which are purpose-built for ETFs by Market Vectors Index Solutions,” McKinnon said.

“To qualify for inclusion in the underlying index, companies must generate at least 50% of their revenue or assets from a particular sector. This is what is defined as ‘pure-play’. Strict liquidity screens are then applied to determine individual components, then individual weightings are determined subject to caps. The result is targeted exposure with real diversification to all underlying securities.

“Our index methodology reduces exposure to the large cap companies that dominate many Australian indices, and increases exposure to the most liquid Australian mid and small caps,” McKinnon said.

Lonsec confirmed the Van Eck Global investment team, “has a track record in minimising tracking error with sector-focused ETFs and more broad-based ETFs,” and “has proven its ability to manage cash flows from dividends.”

The research house also praises the group’s transparent approach; “Lonsec commends the Van Eck Global group of companies on making the full index methodology and index constituent selection and review processes readily available to investors.”

According to Lonsec, Market Vectors Australian Banks ETF (MVB) offers a “simple and easy means of gaining exposure to the Australian banking and finance sector, via a single transaction.”

Lonsec’s report confirms: “The Fund tracks the Market Vectors Australian Banks Index, which provides a cap-weighted exposure to Australian banks, removing the large capitalisation biases found in traditional market capitalisation weighted indices. The Fund’s MER fees are lower than other financial sector based ETFs assessed by Lonsec.” MVB caps an individual component’s weight at 20%.

The research house believes Market Vectors Australian Property ETF (MVA) offers a simple way of gaining exposure to the Australian Real Estate Investment Trust (A-REIT) sector. Lonsec said: “The Fund tracks the Market Vectors A-REIT Index, which provides cap-weighted exposure to A-REITs, providing greater diversification and reducing large capitalisation biases to Westfield Group and Westfield Retail found in traditional market capitalisation weighted indices”. MVA caps an individual component’s weight at 10%.

Lonsec also found Market Vectors Australian Resources ETF (MVR) provides greater diversification and is priced lower than other Resource sector based ETFs assessed by Lonsec.

The report says: “The Fund tracks the Market Vectors Australia Energy and Mining Index, which provides a cap-weighted exposure to this sector, providing greater diversification and reducing the large capitalisation biases to BHP and Rio Tinto found in traditional market capitalisation weighted indices.” MVR caps an individual component’s weight at 8%.

Market Vectors Australian Emerging Resources ETF (MVE) also received a positive review, “The Fund offers a simple and easy means of gaining exposure to the Australian Junior Energy and Mining sector, via a single transaction,” Lonsec outlines. MVE also caps an individual component’s weight at 8%.

Lonsec noted, “The Market Vectors Australian Sector ETFs provide a more targeted exposure to certain economic sectors, unlike most other market capitalisations weighted indices.”

The post Lonsec approves Market Vectors Australian ETFs appeared first on AdviserVoice.

The four new Australian ETFs are designed to track purpose-built pure-play indices specifically developed for Australian investors by Market Vectors Index Solutions (MVIS), the index company of Van Eck Global.

Arian Neiron, Managing Director of Market Vectors Australia, said: “I am pleased to announce that once launched, the ETFs will provide investors with targeted investment opportunities that offer a high level of transparency, liquidity and diversification.

“Our ETFs are based on purpose-built pure-play indices, designed to better capture the performance of a particular sector of the Australian economy.

“The Market Vectors Australian Banks ETF and Market Vectors Australian Emerging Resources ETF will be the first ASX-listed ETFs to offer targeted exposure to the Australian banks and small-cap energy and mining companies. The Market Vectors Australian Resources ETF and Market Vectors Australian Property ETF will offer broad diversified exposure across Australian resources and property sectors, without the biases to large-cap companies such as BHP Billiton and Westfield Group, which dominate traditional Australian market capitalisation weighted indices.

“Market Vectors is entering the Australian market place with innovative investment products that intelligently capture a desired market exposure and are priced competitively for all types of Australian investors,” said Mr Neiron.

Lars Hamich, Chief Executive Officer of Market Vectors Index Solutions (MVIS), said: “We are pleased to have licensed four of our Australian sector indices to Market Vectors Australia. We believe that the specific characteristics of our tailor-made, investable indices add value to the new Market Vectors ETFs that track them.

“Traditional indices often don’t provide a pure representation of a given market sector. We believe the unique pure-play methodology of MVIS indices provides an efficient mechanism to access true market performance,” Mr Hamich said.

“To achieve pure-play exposure, our indices include all entities that generate at least 50% of their revenue or 50% of their assets from a particular target sector of the economy. This differs from the traditional index approach where companies are just classified according to their industry,” said Mr Hamich. “MVIS conducts detailed analysis of ASX-listed securities in order to determine their sector (based on revenue) for the purposes of the indices.

“We typically impose caps on company weightings so that the ETFs based on MVIS indices offer true diversification and avoid being top-heavy. Our demanding liquidity screens and capping rules deliver a well-balanced and diversified index exposure, important features that also support ETF liquidity.

“Our commitment to the best possible transparency is enhanced through easy-to-access index data on our website (marketvectorsindices.com), a free service that enables investors to monitor the underlying index around the clock. We stand for a methodology that has been developed in response to a changing global investment landscape,” said Mr Hamich.

Market Vectors business was first launched in the US in 2006. The business now offers approximately 60 exchange traded products spanning international markets, commodities, emerging markets, global equities, fixed income and currency sectors. Market Vectors has clients worldwide and has approximately $US22 billion in assets under management, making it the seventh largest exchange traded product (ETP) family in the US and the tenth largest worldwide as of 31 August, 2013.

Details of the four new Market Vectors Australian ETFs are as follows:

The post Market Vectors to launch four new Australian ETFs appeared first on AdviserVoice.

Timothy Bethe

Market Vectors ETFs (Market Vectors), the exchange traded fund (ETF) business of Van Eck Global, today announced its senior team in Australia. 

Matthew McKinnon has joined Market Vectors Australia as Director, Intermediary and Institutional, responsible for overseeing and developing client relationships in the intermediary and institutional sectors. Prior to joining Market Vectors, McKinnon worked for Perpetual Limited as General Manager of Distribution for Equities and the Superannuation and Investment Solutions divisions. Before that, he held senior roles at Rothschild and IOOF.

Russel Chesler has joined Market Vectors Australia as Director, Investments and Portfolio Strategy from Sunstone Partners, a boutique consulting firm specialising in advice to the asset and wealth management sectors. He is responsible for investment portfolio management, new product development and capital markets. Chesler is a qualified actuary with over 20 years’ experience in financial services. Prior to joining Market Vectors Australia he held senior positions at Perpetual Limited, Grange Securities and Alexander Forbes in South Africa.

Arian Neiron, Managing Director, Market Vectors Australia, said, “I am delighted to announce the appointment of two highly reputable and skilled professionals to our team in Australia. Both have exceptional experience and a genuine passion for working in the ETF industry.

“Matthew has a wealth of experience in business development and brings strong relationships with financial advisers, private banks, stockbrokers, accountants, family offices and institutions. Russel will be responsible for working closely with our New York investment team on the portfolio management of all locally domiciled ETFs, as well as new product development and capital markets in Australia.”

Market Vectors has been building its Australian team as part of its aim to become one of the largest ETF providers in the Australian market. The firm plans to list new Market Vectors ETFs on the Australian Securities Exchange (ASX), providing investors with targeted exposure to key investment sectors.

McKinnon and Chesler join Timothy Bethe and Michael Brown, who have been in their positions since late 2012 and early 2013 respectively. Timothy Bethe is Senior Director, Product and Governance for Market Vectors Australia, previously working for BlackRock where he was responsible for cross-listing iShares ETFs on the ASX. Timothy was part of the team that launched iShares in Australia and its expansion into domestic ETFs.  Michael Brown is Director, Operations and Finance for Market Vectors Australia bringing over 30 years’ experience in the financial services sector. Previously, Brown was Head of Tax at Perpetual, MLC and BT Funds Management.

“These appointments build on the depth of experience of the Van Eck Global team and demonstrate our commitment to growing our business in Australia. Australia’s ETF market is still in its infancy with many opportunities ahead. We believe our ETFs will have broad appeal to financial advisers, direct investors, self-managed super fund investors (SMSFs) and institutions,” Mr Neiron said.

The post Market Vectors announces senior team in Australia appeared first on AdviserVoice.